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Mark Chesterman

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Traders are uncertain of the full effects Katrina will have on production. Added to the poor consumer confidence figures on Friday, investors will have no confidence for a quick recovery in time for the next reporting season.

As the potential for devastation from Hurricane Rita increased, investors grew more worried about the impact that the third strongest Atlantic hurricane on record would have on both local and national businesses, through structural damage and the loss of oil supply. With oil and gas production still attempting to recover from Katrina, this new force could cause even greater disruption, with already almost 14 percent of U.S. oil production shut down.

Traders are uncertain of the full effects Katrina will have on production.

I have heard the rumor about DuPont being the bidder and that's driving the shares.

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